designer, developer and manufacturer of digital inkjet printer systems and consumable ink cartridges

$20M Revenue

Company Overview

The Company is engaged primarily in the assembly and distribution of digital apparel printers and related supplies, including ink, for the garment decoration industry.

Engagement Overview

The Company’s flagship product was an entry level printer targeted to small garment decorators. 

The Company introduced a new product line aimed at larger/corporate accounts.  The product launch timeline was expedited as a competitor was introducing a competing product in the same timeframe. 

In the field, the Company’s product did not perform to standard and the Company implemented a voluntary upgrade program to address customer problems and to refurbish the units, which severely affected profitability and cash flow over the next two years.

The Company hired an investment bank to market the Company for sale, but the lender was concerned about their collateral position and ability to operate towards a close.

FDP prepared a financial forecast and 13-week cash flow analysis to assure the lender that the Company was solvent and their senior position was properly collateralized.

FDP continued to monitor cash flow and assisted the Company in preserving liquidity to operate while the sale process consummated.


FDP was able to convince the senior secured lender to continue financing the Company during the sale period, despite poor financial performance and repeated delays of the transaction date.

FDP News

Apr - 23

Fort Dearborn advises Reliable Knitting Works

Fort Dearborn Partners served as the exclusive financial advisor for the refinancing of Reliable Knitting Works, a $125 Million Wisconsin-based Company.

Read More

Oct - 22

Alice Chan joins Fort Dearborn Partners

Fort Dearborn Partners is pleased to announce that Alice Chan has joined our firm as a Director.

Read More

Sep - 22

Bears Win Season Opener!

Not even the worst flooding in 2 years could stop the Bears from winning their season opener.

Read More